Bill > S0176

This bill modifies Florida's homestead property assessment laws, specifically focusing on how property changes, additions, or improvements are valued for tax purposes. The legislation introduces new provisions for assessing homestead properties that have been elevated (raised) to comply with flood protection standards or mitigate previous flood damage. Under the new rules, homeowners can make elevation improvements without triggering a full reassessment of their property's value, provided the new square footage does not exceed 110% of the original property size or 2,000 square feet. The bill defines key terms like "elevation" and "previous flood event" and allows property appraisers to request evidence such as elevation certificates to verify compliance. Property owners must meet specific National Flood Insurance Program and Florida Building Code requirements to qualify for these assessment protections. The bill is contingent on the approval of a related constitutional amendment and will apply to homestead property elevation projects commenced on or after January 1, 2027, offering homeowners in flood-prone areas a way to protect their properties without incurring significant additional property tax assessments.

Budget and Finance

Finance and Tax (S)

https://www.flsenate.gov/Session/Bill/2025/176